Linglong investing US$182 million in new tyre test track
Following the announcement that Linglong is building a new tyre proving ground in China, the company has released a number of further details relating to the investment in the site and its location. First off, in answer to Tyres & Accessories’ questions, Linglong representatives confirmed that the company is investing 1.13 billion yuan in the new tyre test track (£106.3 million; 133.6 million euros; 182.099 million euros).
The officials also confirmed that it will be based in the Yantai Zhaoyuan Binhai “New Area”. The site covers an area of some 2400 mu (160 hectares). No bookings with third parties have yet been made, but in future the idea is that it will be used by tyre manufacturers, automotive manufacturers and some test institutes.
In addition to confirming the details of the 1.13 billion yuan investment, Linglong representatives further explained the nature of the company’s partnership with well-known Spanish test centre, IDIADA. According to the company, IDIADA will be providing the proving ground design service for Linglong.